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Last $1.14 USD
Change Today +0.01 / 0.88%
Volume 115.4K
As of 8:10 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

biostar pharmaceuticals inc (BSPM) Snapshot

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08/21/14 - $2.27
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01/30/15 - $0.91
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biostar pharmaceuticals inc (BSPM) Details

Biostar Pharmaceuticals, Inc. develops, manufactures, and markets over-the-counter (OTC) and prescription pharmaceutical products for various diseases and conditions in the People’s Republic of China. The company principally offers Xin Ao Xing Oleanolic Acid capsule, an OTC medicine for the treatment of chronic hepatitis B. Its current product line also includes 5 other OTC products, 10 prescription-based pharmaceuticals, 6 nutriceuticals or health products, and 1 medical device. The company’s OTC products also comprise Ganwang compound paracetamol and amantadine hydrochloride capsule for the relief of common cold, runny nose, sore throat pain, headache, and fever; and Tianqi Dysmenorrhea capsule, a traditional Chinese medicine used for the treatment of pain and other symptoms associated with menstruation. Its prescription pharmaceutical products include Danshen granule for the treatment of coronary heart disease, myocarditis, and angina pectoris; and Taohuasan pediatric medicine for the treatment of bronchial congestion and coughs in children. In addition, the company manufactures hernia belt, a medical device used for the relief of hernia. Further, it provides nutrient and OTC products, which comprise Tangning capsule for the treatment of diabetes; Yizi capsule for fertility; Shengjing capsule for kidney; and Aoxing ointment to treat psoriasis, vitiligo, and various dermatitis. Additionally, the company operates, a Website that serves as Internet-based China Hepatitis Internet hospital, which provides HBV patients with information on HBV and treatment options, as well as methods to purchase HBV medicines. Biostar Pharmaceuticals, Inc. sells its products through 68 distributors and a network of approximately 226 dedicated sales people in approximately 27 provinces. The company is headquartered in Xianyang, the People’s Republic of China.

408 Employees
Last Reported Date: 04/15/15

biostar pharmaceuticals inc (BSPM) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $17.4K
Interim Chief Financial Officer and Director
Total Annual Compensation: $11.0K
Chief Operating Officer
Total Annual Compensation: $6.6K
Compensation as of Fiscal Year 2013.

biostar pharmaceuticals inc (BSPM) Key Developments

Biostar Pharmaceuticals, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Biostar Pharmaceuticals, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported sales of $6,908,747 against $13,181,164 a year ago. Loss from operations was $889,998 against $763,112 a year ago. Loss before income taxes was $638,975 against income of $605,911 a year ago. Net loss was $160,104 or $0.01 per basic and diluted share against net income of $306,670 or $0.02 per basic and diluted share a year ago. Net cash provided by operating activities was $2,835,026 against $3,104,261 a year ago. Purchase of property, plant and equipment was $30,646 against $1,957 a year ago.

Biostar Pharmaceuticals Announces Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Biostar Pharmaceuticals announced consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the year, sales were $61,416,587, loss from operations was $1,312,695, income before income taxes was $1,534,631 and net income was $4,848,212 or $0.33 per diluted share against sales of $52,729,054, income from operations of $508,221, income before income taxes of $2,656,026 and net income of $809,046 or $0.07 per diluted share a year ago. Net cash provided by operating activities was $3,310,618 against $8,909,113 a year ago. Purchase of property, plant and equipment was $2,869,204 against $982,012 a year ago. Net sales in the fourth quarter of 2014 was $14.4 million as compared to $11.0 million during the same period in 2013, representing a $3.4 million, or 31.0% increase. Net income for the quarter was $2.7 million.

Biostar Pharmaceuticals Mulls Acquisitions

Biostar Pharmaceuticals, Inc. (NasdaqCM:BSPM) is seeking acquisitions. Ronghua Wang, Chairman and Chief Executive Officer Of Biostar Pharmaceuticals, Inc., said “The Company also believes that economies of scale is vital to continue to improve its bottom line accordingly, when the right opportunity presents itself, the Company will consider acquiring competitors to ramp up its production.”


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